Mortgage Rates Slip In The First Week Of August 2021 – NMP Skip to main content

Mortgage Rates Slip In The First Week Of August 2021

Aug 05, 2021
Arrows pointing downward signifying a decline.
Director of Events

Mortgage rates are retreating once again, with the 30-year fixed-rate falling to 2.77% for the week ending Aug. 5, 2021.

Mortgage rates are retreating once again, with the 30-year fixed-rate falling to 2.77% for the week ending Aug. 5, 2021. This is down from the previous week's average of 2.80% according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage is also down year-over-year as it averaged 2.88% for the same period in 2020.

“With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit,” said Sam Khater, chief economist at Freddie Mac. “The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low. This bodes well for those still looking to refinance, renovate or even purchase a new home.”

Meanwhile, the 15-year fixed-rate mortgage averaged 2.10%, unchanged from its previous week's average and down significantly from its previous average of 2.44% in 2020. Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.40%, down from last week's average of 2.45% and down significantly from the previous year's average of 2.90%.

Freddie Mac PMMS 08-05-2021
About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Aug 05, 2021
Fannie Mae Returns To Distressed-Loan Market With $214 Million Sale

The agency’s first nonperforming-loan offering in 13 months transfers 969 deeply delinquent mortgages to private buyers, including a small pool concentrated in Dallas-Fort Worth

Aug 20, 2026
Summer Rate Spike Knocks Pending Home Sales To Six-Month Low

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

Aug 19, 2026
Cash Sales Retreat, Giving Financed Buyers More Room To Compete

Cash transactions fell faster than the broader housing market in early 2026, but buyers without financing still accounted for nearly one-third of home sales

Aug 19, 2026
Mortgage Delinquencies Ease, But FHA Distress Keeps Deepening

Overall delinquencies dipped in the second quarter, but FHA serious delinquencies jumped 227 basis points from a year earlier as more troubled loans moved toward foreclosure

Aug 18, 2026
Credit-Score Choice Is Becoming Part Of The Mortgage Sales Pitch

One-third of consumers say they would consider switching lenders over older scoring models, making underwriting technology a potential borrower-retention issue

Aug 18, 2026
Home Price Growth Stalls Near 1% As Local Divide Widens

Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one

Aug 17, 2026